Shares of Texas Instruments Inc. (NASDAQ:TXN) have earned a consensus recommendation of “Hold” from the thirty-two analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $69.83.
Several research analysts have commented on the company. B. Riley reaffirmed a “neutral” rating and issued a $69.00 price target on shares of Texas Instruments in a research report on Tuesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Instruments in a research report on Wednesday, June 1st. Jefferies Group lifted their price target on Texas Instruments from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. RBC Capital Markets lifted their price target on Texas Instruments from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of Texas Instruments in a research report on Thursday, May 26th.
Texas Instruments (NASDAQ:TXN) traded up 1.76% during midday trading on Thursday, reaching $68.98. The company’s stock had a trading volume of 2,578,519 shares. Texas Instruments has a 1-year low of $45.33 and a 1-year high of $72.58. The firm has a market capitalization of $69.20 billion, a PE ratio of 23.24 and a beta of 1.19. The firm has a 50 day moving average price of $69.57 and a 200 day moving average price of $62.02.
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Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business earned $0.65 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Texas Instruments will post $3.06 EPS for the current year.
In related news, SVP Cynthia Hoff Trochu sold 20,506 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $70.65, for a total value of $1,448,748.90. Following the completion of the sale, the senior vice president now owns 61,150 shares in the company, valued at $4,320,247.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bing Xie sold 11,565 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total value of $799,372.80. Following the completion of the sale, the insider now owns 187,370 shares of the company’s stock, valued at approximately $12,951,014.40. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Texas Instruments during the fourth quarter worth approximately $486,686,000. Park National Corp OH increased its stake in Texas Instruments by 3.0% in the first quarter. Park National Corp OH now owns 158,382 shares of the company’s stock worth $9,094,000 after buying an additional 4,577 shares in the last quarter. Pensionfund DSM Netherlands bought a new stake in Texas Instruments during the first quarter worth approximately $4,881,000. Pensionfund Sabic bought a new stake in Texas Instruments during the first quarter worth approximately $2,297,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Texas Instruments by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 852,358 shares of the company’s stock worth $48,942,000 after buying an additional 12,345 shares in the last quarter. Institutional investors and hedge funds own 86.92% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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